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L1: First-Line Management → L1: Leadership and Strategy

Understanding Business (1L03)


Description
COURSE OVERVIEW

This course is designed to help new managers get an insight into how businesses are set-up and run. The course is especially useful for those taking up a leadership role in a business, and for those planning to set-up and manage their own businesses.

In this course, you will learn about the various types of legal organization and about different types of structures. You will also learn how to analyze the business environment, and how the organization interfaces with and is shaped by external conditions.

You will learn about the basics of business finance, sources of business finance, and the principles of budgeting. Critically, you will learn about the elements of a business plan, and the contribution to planning to business success.

In addition, you will learn about business reporting requirements and the principles of management, and management responsibilities within the organization.

COURSE DETAILS

- Suitable For: First Line Managers and Business Owners
- Course Duration: 20 Hours
- Access Duration: You will have access to your course for 90 days from date of purchase
- Certification: Download your Certificate on completion
- Additional Resources: Download Learners manual, additional articles and worksheets.
Content
  • Understanding Business 1 - Getting Started
  • Video - Advice for Small Business Owners
  • Section 1: Understanding the Business Context
  • Understanding Business 2 - Understanding your Organization
  • Video - Business Stuctures
  • Understanding Business 3 - The Business Environment
  • Understanding Business 4 - Knowing your Business
  • Understanding Business 5 - Your Legal Responsibilities
  • Understanding Business 6 - Business Planning
  • Understanding Business - Quiz 1
  • Section 2: Understanding Finance
  • Understanding Business 7 - Understanding Finance 1
  • Video - Understanding Profit and Loss
  • Understanding Business 8 - Understanding Finance 2
  • Video - Understanding Breakeven
  • Understanding Business 9 - Understanding Finance 3
  • Video - Understanding Cash Flow
  • Undersanding Business 10 - Understanding Finance 4
  • Video - Introduction to Financial Statements
  • Section 3: Understanding Budgets and Resource Management
  • Understanding Business 11 - Understanding Budgets
  • Understanding Business 12 - Understanding Risk
  • Video - Understanding Business Risks
  • Understanding Business 13 - Understanding Resources
  • Understanding Business 14 - Understanding Management
  • Understanding Business - Quiz 2
  • Understanding Business 15 - Wrapping-up
  • Understanding Business - Course Evaluation
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever
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